Warren Buffet said "Diversification is a protection against ignorance," I'm all on on bitcoin!
Bitcoin is the best performing asset in the past 10 years. There's no point in diversifying any further when you understand and believe in the future of bitcoin. Big gains still to come!
You are contracting yourself.
Diversification comes from diversify, which means (from wikipedia) "enlarge or vary the range of products".
But you said you are all in lol
This is not diversification. A diversified portfolio would have, at least, some Bitcoin, Gold, Stocks and Bonds.
If you are a no-brainer that just want cryptocurrency,just get a few stable coins and bitcoin. You are not diversifying, you are trying to get maximum profits in an asset which has a huge upside potential
OP,said that there's no point of diversifying,if you have faith in Bitcoin.This is not a contradiction,he just supports Bitcoin and denies diversification.
I can't agree with that statement.Investing is a rational process and you have to make a proper analysis and a good risk management plan,before investing your hard earned money.
Viewing Bitcoin is a some sort of "financial panacea" that will solve all your financial problems and will miraculously make you rich overnight is a wrong approach.Bitcoin is not a get-rich-quick scheme.